Oil prices drop on Chinese economy contraction

President Trump says states will reopen at different times and argues sports will be enjoyed via television until coronavirus is completely gone.

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U.S. stock futures are signaling a strong start to Friday's session adding to the momentum seen on Thursday.

The Dow Jones Industrial Average are up more than 700 points or 3 percent while the S&P 500 was higher by nearly 3 percent and the Nasdaq Composite 2 percent.

Earlier in the evening, President Trump outlined the early-stage, phase approach as part of the “Opening Up America Again" coronavirus come back plan and there was also positive news on Gilead Sciences.

The Labor Department reported initial jobless claims totaling 5.25 million for the week through April 11, worse than the 5.1 million that economists surveyed by Refinitiv were anticipating. The data raises the number of first-time filings due to disruptions from COVID-19, including stores closing and factories idling, to about 22 million.